Best metro to invest in FL

[Jack Bier]

Hi all!

What, in your opinion, is the best metro to invest in, from a cash flow/cap rate perspective?

My guess is either Orlando, Gainsville, or Tallahassee.

[Jenn Barona]

I have 2 doors here in Gainesville and I am also a Realtor here as well. In terms of Cap rate you can find some higher numbers in some of the D neighborhoods but you will have turnover a lot more frequently and most of the tenants create issues and overall a lot more hands on. If you are going to be a long distance investor(I'm assuming only because I see your from Miami) make sure to add in your property management costs as you will need a great one. Like someone mentioned above you do have plenty of options other than just student rentals because you do have some major players here in town. Shands hospital, VA hospital, University of Florida, North Florida hospital, Info Tech and Santa Fe College. These bring in professors, nurses, doctors and employees year round.

Keep in mind Gainesville (Alachua County) has pretty high taxes compared to other Florida counties but the higher rental prices do help out. Depending on your budget there are several areas of town that make great rentals and even as flips.